Home / Knowledge / News / Textiles / Saudi Arabia plans oil-to-petrochemicals plant in Yanbu
Saudi Arabia plans oil-to-petrochemicals plant in Yanbu
07
Mar '14
The Kingdom of Saudi Arabia is planning to construct a plant that could directly convert crude oil into petrochemicals like ethylene and propylene, without first refining the oil, Ali bin Ibrahim Al-Naimi, Minister of Petroleum and Mineral Resources, has said, reports Saudi Gazette.
 
Saudi Arabia is the world’s largest crude oil exporter and the Saudi Arabian Oil Company (Saudi Aramco) has been researching for years to find ways to directly make ethylene and propylene from crude oil.
 
Addressing a conference in Yanbu, a major Red Sea port in the Al Madinah province of western Saudi Arabia, located at about 300 km northwest of Jeddah, Mr. Al-Naimi said the Ministry is studying an innovative technology to set up an integrated industrial plant for the production of petrochemicals from crude oil, without any need to build a conventional oil refinery.
 
The proposed oil-to-petrochemicals complex would be built at Yanbu, in collaboration with Saudi Basic Industries Corp (SABIC), one of the world’s largest chemicals companies.
 
Mr. Al-Naimi said the proposed oil-to-petrochemicals project would create new employment opportunities for Saudi youth in Yanbu, which already boasts of several oil refineries and petrochemical plants.
 
Saudi Arabian economy heavily depends on revenues from export of crude oil and hence the Government’s strategy is to diversify the economy by developing the country’s petrochemical sector.
 

Fibre2fashion News Desk - India


Must ReadView All

Robert Lighthizer speaking at the opening of the ministerial plenary of the 16th Forum of AGOA, in Lome. Courtesy: US Embassy in Togo

Textiles | On 17th Aug 2017

US committed to Africa, Lighthizer tells AGOA forum

The United States and Africa can jointly create a better business...

Textiles | On 17th Aug 2017

Sri Lankan textile exports down 4.1% in May 2017

After showing positive trend for two consecutive months, Sri Lankan...

Courtesy: American Eagle Outfitters/Aerie

Apparel/Garments | On 17th Aug 2017

ABFRL to sell American Eagle products in Indian market

Aditya Birla Fashion and Retail Ltd (ABFRL) has entered into a...

Interviews View All

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

August 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
66.7%
No
18.5%
Skip
14.8%

Total Votes: 27

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
37.0%
No
40.7%
Skip
22.2%

Total Votes: 27

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
81.5%
No
7.4%
Skip
11.1%

Total Votes: 27

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
55.6%
No
11.1%
Skip
33.3%

Total Votes: 27


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X